Geojit’s report on Agri Picks
Malaysia’s palm oil exports in October were estimated at 1.5 mln tn, down 13.4% on month, data from cargo surveyor SGS Malaysia. A likely bumper crop amid sluggish demand and ample carryover stock may leave growers and traders of chilli teary-eyed this season. The International Cotton Advisory Committee has raised its forecast for global prices for 2021-22 (Aug-Jul) due to expectation of lower global ending stocks and also because of a marginal rise in consumption, the agency said in a report. Rainfall over south peninsular India in November is seen above 122% of the long-period average, the India Meteorological Department said.
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